Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4 . Hi I need help with this question please! Bandar Industrles Bernad of Malaysia manufactures sporting equipment. One oftne company's products, a football nelmet
Hi I need help with this question please!
Bandar Industrles Bernad of Malaysia manufactures sporting equipment. One oftne company's products, a football nelmet for the North American market, requlres a speclal plastic. During the quarter ending June 30, the company manufactured 3,700 helmets, using 2,738 kllograms ot plastlc_ The plastic cost the company $18,071. Accordlng to the standard cost card, each helmet should requlre 0.68 kilograms of plastlc, at a cost of $7.00 per kllogram. Requlred: 1. What Is the standard quantity ot kllograms ot plastic (SQ) that Is allowed to make 3,700 helmets? 2. What Is the standard materials cost allowed (SQ x SP) to make 3,700 helmets? 3. What Is the materials spendlng variance? 4. What Is the materials price valance and the materials quantity varlance? (For requlrements 3 and 4, Indlcate the effect of each varlance by selectlng "F" for favorable, "W for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as posltlve values. Do not round Intermedlete calculatlons.) Standard quantity of kilograms allowed Standard cost allowed for actual output Materials spending variance Materials price variance Materials quantity variance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started